China Coal Energy Company (1898 HK) announced they are requested that all the underground mines to suspend production for rectification. The trading in H shares was suspended in 10:30a.m while the trading in A shares suspended after the morning market ended yesterday. The shares dropped 17% when the market started yesterday, at the price of 8.26 dollars per share before suspended. (Sing Tao Daily B6)
IPO: China Hanking Holdings (3788 HK) starts its IPO today to raise up to 1.34 billion. The company will list on the bourse on 30 September. (Hong Kong Economic Times A14)
Although the company had the right to increase the shares in Inner Mongol (269 HK) super highway from 51% to 66%, the company has no decision on increase the shares as it requires 800 million RMB. (Sing Tao Daily B6)
The China Unicom (762 HK) announced that a wholly owned subsidiary of the company had finished the issue of the third and forth tranches of super and short-term commercial paper. The interests will start from 16 September 2011, with a period of 30 days and the interest rate of 5.35%. (Sing Tao Daily B2)
China ZhengTong Auto Services (1728 HK) has been informed by a controlling shareholder Joy Capital Holdings that it has purchased 861,000 shares of the company. The shareholding of the latter in the company rose to approximately 61.87% after the deal. (Hong Kong Economic Journal B1)
CIMC Enric Holdings (3899 HK) announces a purchase of the entire equity interest in Nanjing Yangzi Petrochemical Design & Engineering, chiefly engaged in consultancy, planning, design, service, procurement and contracting for petrochemical projects, at a consideration of RMB165,000,000. (Hong Kong Economic Journal A7)
Freeman Financial (279 HK) announced three of its insurance brokerage companies had sold to Dr. Yang Fan Shing, Andrew, the Chairman and an executive director of Freeman Financial. Dr. Yang had also resigned his position. (Sing Tao Daily B6)
PRADA (1913 HK) registered a net income of Euro 179.5 million for the 6 months ended 31 July 2011, climbing 74.2%. EPS amounted to Euro 0.071. (Hong Kong Economic Journal B1)
Trony Solar Holdings (2468 HK) reported a net profit of RMB544.0 million for the year ended June 30, 2011, up 8.9% yoy. EPS was RMB37 cents. A final dividend of HK5 cents per share was proposed. (Hong Kong Economic Journal A7)
Yips Chemical Holdings (408 HK) is going to spend 300 million RMB to build up new production facilities in Guangdong. The new facilities mainly produce Brtylacrylate, a new solvent market in Mainland. (Sing Tao Daily B6)
Sources: Sing Tao Finance, Hong Kong Economic Journal, Hong Kong Economic Times, The Standard
